What Is a Paying Agent?

Acting payer, a financial term, refers to financial institutions such as banks, urban credit cooperatives, and rural credit cooperatives that pay the amount of bills on their behalf under the commission of the payer.

Payer

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Acting payer, a financial term, refers to financial institutions such as banks, urban credit cooperatives, and rural credit cooperatives that pay the amount of bills on their behalf under the commission of the payer.

Banks, urban credit cooperatives, and rural credit cooperatives that pay the amount of bills on their behalf on behalf of the payer. The agent payer of the bank draft in our country is the bank that issues the bill on behalf of the system or the contracted bank across the system to review and pay the bill.